SARAWAK Consolidated Industries Bhd (SCIB) announced that its wholly-owned subsidiary, SCIB International (Labuan) Ltd (SILL), has accepted two Letters of Award and Acceptance (LOA) for engineering, procurement, construction and commissioning (EPCC) contracts valued at RM821.32 mil in Malaysia and Qatar.
The company accepted a LOA from Lestari Asiabina Sdn. Bhd, for an EPCC contract in Kuching worth RM421.97 mil for a proposed mixed development of Lot 6036 Block 26 Muara Tuang land district and part of the river bank reserve.
The project includes a total of eight blocks, comprising of 20-storey office twin towers with three-storey commercial podium, 3-4 storey shophouses, 12-storey service apartment, open green with pedestrian walkways, bicycles lance with green landscape, 10 to 15 condominium and a 2-storey clubhouse, 7-storey “Putera House” apartment, and 48 metres of new drain reserve.
The works are expected to be completed within 108 months and divided into four stages of 27 months each.
A great start for the year
In addition to that, SILL also accepted a LOA from Interceptor Trading & Contracting Co WLL for an EPCC contract in Qatar worth US$98 mil (RM399.35 mil).
The foreign project is set to commence this month and end in July 2023. The award involves aiding Qatar’s North Field expansion by providing the necessary manpower, civil engineering expertise and mechanical, electrical and plumbing engineering (MEP) works.
Speaking of the new ventures, SCIB group managing director/CEO Rosland Othman said the projects will give his company the momentum needed to kickstart the year.
With an estimated total valuation of RM821.32 mil, he said the projects will definitely strengthen their order book from RM1.4 bil to RM2.2 bil.
“Both projects will definitely contribute to making our financial year ending December 2021 to be promising, while also bringing us closer to our internal target of 15% to 20% increase for both top and bottom line in the same financial year,” he opined.
Rosland added that the projects are also aimed at rolling out more infrastructure developments that will benefit the people, adding his company will continue to acquire more local projects.
“We are also proud to be a part of Qatar’s North Field Expansion which is expected to raise Qatar’s liquefied natural gas production capacity from 77 million tonnes per annum (Mtpa) to 110Mtpa by 2025 and 126Mtpa by 2027.
“This will enable us to showcase our global presence and capabilities,” Rosland added. – Feb 9, 2021.